IHTM20601 | Life Policies: Countrywide (formerly Premium Life) Assurance Company policies: introduction
From HM Revenue & Customs · Inheritance Tax Manual
The Countrywide (formerly Premium Life) Assurance Company devised two schemes which were designed to avoid Capital Transfer Tax (CTT) and Inheritance Tax (IHT). They are known as
the Asset Protection Plan
the CTT or IHT Mitigation Plan.
These schemes differ from those referred to elsewhere in onwards, so they require different treatment.